In this paper we study the effect of quality of institutions in the OECD and Asian host countries on outward foreign direct investment (FDI) stocks of source OECD countries using International Country Risk Guide governance indicators, for the period 1991 to 2001. We find that better institutions...

Convergence in other words, with the closing of the gap between rich and poor economies, the large number of possible outcomes that may arise in the economy represents only one. While the countries in the middle income group are close to the rich, the poor countries are left behind. On the other...

China's accession to the WTO means significant increases in export opportunities for China's trading partners. This study attempts to identify and measure quantitatively the effects of changing economic environment and trade policies on China's agricultural imports from the European Union (EU)....

This article deals with practical problems of fitting empirical data with generalized lambda distribution. Given method based on moment matching is illustrated on a practical example.

Regional estimates of direct cost (DC) are commonly used to measure the economic damages of sea level rise. Such estimates suffer from three limitations:(i) values of threatened endowments are not well known, (ii) loss of endowments does not affect consumer prices, and (iii) international trade...